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Would A Leveraged Buyout Help Sears Turnaround Its Business?

Practically since the day he took the reins at Sears, CEO and Chairman Eddie Lampert has been steadily stripping the once mighty retailing behemoth of assets and protecting his hedge fund’s investment as the company continues its steady march toward bankruptcy. Any customer with the temerity to visit one of the remaining Sears or K-Mart […]


Recovery? We Have Tripled The Number Of Store Closings From Last Year…

Authored by Michael Snyder via The Economic Collapse blog, Did you know that the number of retail store closings in 2017 has already tripled the number from all of 2016? Last year, a total of 2,056 store locations were closed down, but this year more than 6,700 stores have been shut down so far.  That […]


Black Friday Sales Buoyed by ‘Blessed’ Cold Weather

Content originally published at iBankCoin.com The media is working over time to give retailers good press, seeing that they’re all but destroyed now. Long stories filled with anecdotal quotes from store managers litter the internet today, exclaiming the virtues being able to touch and feel items on sale, as opposed to merely buying them via […]


The Economy Is Okay?! U.S. Retail Store Closings Hit New Record High As West Coast Homelessness Soars

Authored by Michael Snyder via The Economic Collapse blog, If the U.S. economy is doing just fine, why have we already shattered the all-time record for retail store closings in a single year?  Whenever I write about our “retail apocalypse”, many try to counter my arguments by pointing out the growing dominance of Amazon.  And […]


Dying Malls Increasingly Rely On Taxpayer Handouts For Survival

America’s dying malls have been a frequent topic of discussion of late as these relics of the 80’s have been forced to convert once valuable high-end retail square footage into grocery stores, libraries and doctor offices just to keep the lights on.  Here’s just a small sampling of the recent carnage: A Third Of All […]


Sears Ends 100 Year Relationship: Stops Selling Whirlpool Appliances

Ending a business relationship that dates back more than 100 years, Sears announced this morning it would no longer sell Whirlpool appliances. As first reported by the WSJ, in a note sent to its stores last week, Sears said that Whirlpool was making demands that would have made it difficult to sell its appliances at […]


Sears Crashes After Second Largest Shareholder Resigns From Board

With Toys ‘R’ Us having already filed Chapter 11 bankruptcy, in a move that came as a shock to most of its bondholders, suddenly the race between Bon-Ton Stores and Sears Holdings who will file next, is entering its last lap. For those who may have missed it, late last week, in a scenario right […]


Sears Canada Liquidates: 12,000 Canadians To Lose Their Jobs

12,000 jobs may not sound like much but that’s roughly how many jobs Canada adds to its economy each month. Only in this case, that’s how many workers are about to find themselves without a job because overnight Sears Canada announced plans to liquidate its remaining 150 stores instead of restructuring, the latest admission of […]


I Know What the Economy Did Last Summer

  Summer closed in a whirlwind of weather chaos for the United States and its territories. At the start of the summer, two obvious signs that the US economy was flying apart emerged — the big blowouts in the auto industry and in retail . I found it helpful to take a review of what summer […]


Here Is The Retail “Chart Of Doom”, Now With Toys “R” Us

After claiming its 27th victim of the year in the form of the Toys ‘R’ Us bankruptcy filed earlier this morning, the Amazon-induced retail bloodbath of 2017 has just turned full-on apocalyptic.  According to data aggregated by Reorg First Day, the Toys “R” Us filing brings the total amount of defaulted retail debt to over […]


Meanwhile, The “Next Big Short” Is Quietly Blowing Up

Back in March, when we detailed the ongoing catastrophic deterioration in the US retail sector, manifesting itself in empty malls, mass store closures, soaring layoffs and growing bankruptcies – demonstrated most vividly by the overnight bankruptcy of Toys “R” Us, the second largest retail bankruptcy in US history after K-Mart – we said that “just […]


Sears Death Spiral Accelerates: Vendors Halt Shipments As Cost Of Default Insurance Soars

When we commented back in March on the unexpected “going concern” notice in Sears’ 10-K which sent the stock crashing, we pointed out the immediate spin provided by Eddie Lampert’s distressed retailer which promised that its comeback plan may help alleviate the concerns, “satisfying our estimated liquidity needs 12 months from the issuance of the […]


Here’s How The Next Recession Begins

Authored by Simon Black via SovereignMan.com, In 1886 there were only 38 states in the United States. Electric power was still cutting edge technology that few people had ever seen. The Statue of Liberty hadn’t even been dedicated yet. But it was that year that a man named Richard Sears founded a small retail company […]